June 29 2026
Attendees:
Name
Attendance
Role
Voting Seat (Y/N)
Jack Briggs
Yes
Executive Director
Y
James Meidinger
Yes
Community Member Seat
Y
Thiago Nunes
Yes
Community Member Seat
Y
Kristijan Kowalsky
Yes
Community Member Seat
Y
Jose Miguel de Gamboa
Yes
Community Member Seat
Y
Sebastian Pabon
Yes
OSC Chair
Y
Samuel Leathers
Yes
Product Chair
Y
Martin Musagara
Yes
MCC Chair
Y
Megan Hess
Yes
CBC Chair
Y
Kevin Hammond
Yes
TSC Chair
Y
Laura Mattiucci
Yes
GMC Chair
Y
Nicolas Cerny
No
CCC Chair
Y
Lorenzo Bruno
Yes
Head of Product & Membership
Y
Larisa Mcfarlane
Yes
Head of Ecosystem & Community
Y
Nick Cook
No
Head of Operations (Interim)
N
Bosko Majdanac
Yes
Secretary of TSC
N
Abhik Nag
Yes
Secretary of MCC
N
Lloyd Duhon
Yes
Secretary of Budget Committee
N
Terence McCutcheon
Yes
Secretary of OSC
N
Lara Bonasorte
Yes
Secretary of GMC
N
Thomas Lindseth
Yes
Secretary of CCC
N
Additional Attendees:
Adam Rusch - Member of the Board
Gerard Moroney - Member of the Board
Kavinda Kariyapperuma - Member of the Board
Mercy Fordwoo - Member of the Board
Rand McHenry - Member of the Board
Christian Taylor - Vice Chair of TSC
Ken-Erik Ølmheim - Vice Chair of Civics
Ian Hartwell - Observer
Marco Moshi - Vice Chair of GMC
Matt Davis - Head of Cardano Tech
Rosie Graham - Head of People & Org Dynamics
Thyme Studio - Vice Chair of CPC
Agenda:
ED & Board opening
Committees quarterly update
Intersect sector leads quarterly update
Questions and discussion about Q2 delivery and Q3 plans
Discussion/Actions
1. ED & Board Opening
Q2 Highlights
ED reflected on several major accomplishments:
2026 Intersect budget proposal submitted.
Administration fee separated into an independent 3% operational fee.
Record participation in the budget process:
~5 billion ADA voting
significantly higher than 2025.
Successful deployment of the new Treasury smart contract.
2026 Treasury Withdrawal contracts now managed through the new infrastructure.
Independent audit commissioned for Treasury administration.
Work underway on:
Constitutional Amendment Process (CAP)
Code of Conduct Review Body
Pentad governance restructuring.
Challenges
The largest challenge is the significant ADA price decline.
ED explained this affects:
Intersect operations
vendor contracts
Treasury-funded projects
staffing levels
Intersect has already begun internal restructuring to adapt.
2. SecondFi Security Incident
A substantial portion of the discussion focused on the recent SecondFi exploit.
Key messages:
Intersect was not involved in the exploit.
The Security Council has been working throughout the week documenting events.
Intersect is coordinating closely with EMURGO.
The priority is:
transparency
documentation
supporting investigations
helping the community understand the situation.
Board members stressed:
avoid speculation
follow official guidance
hardware wallets remain the safest storage option
users should carefully evaluate migration decisions until redemption details are confirmed.
The Board also expressed its intention for Intersect to play an oversight and transparency role during any redemption process.
3. Q3 Strategic Priorities
EDoutlined major priorities for the coming quarter.
Technical
Van Rossum Hard Fork
Dijkstra planning
Laos Testnet support
Governance support for the next ledger era
Governance
Board Elections
Constitutional Committee Elections
Constitutional Amendment Process launch
Committee remit review
Organizational
Funding sustainability
Membership model review
Organizational restructuring
Long-term Intersect operating model
4. Committee Updates
ISC Quarterly Update
Q2 Achievements
The ISC reported:
Successfully supported committee participation in the Budget Process.
Approved the new Committee Dismissal & Replacement Policy.
Extended the Committee Reward Policy while a broader review is undertaken.
Completed committee elections.
Facilitated Chair and Vice Chair elections.
Updated ISC voting structure.
Began designing a dedicated Code of Conduct process.
Continued coordination across committees and secretaries.
Q3 Priorities
The ISC will focus on:
Supporting the Bylaw Member Vote.
Preparing the September Board Elections.
Completing the Committee Reward Policy review.
Finalizing the Code of Conduct process.
Beginning structured committee remit reviews to ensure alignment with Cardano's evolving needs.
Product Committee
Achievements
Awarded seven Product Research grants.
Returned unused funds to Treasury.
Continued work on Product KPIs.
Supported ecosystem coordination around adoption.
Plans
Begin funded research.
Publish all research publicly.
Continue KPI development.
Work with other committees on measurable outcomes.
Budget Committee
Achievements
Successfully delivered the 2026 Budget Process.
Updated Ekklesia.
Began collecting retrospective feedback.
Discussion
Several members raised concerns regarding the current Net Change Limit (NCL).
Consensus:
community discussion is required
any increase must remain strategic
Treasury sustainability remains important.
Open Source Committee
Achievements
Expanded developer onboarding.
Strengthened Paid Open Source Program.
Increased collaboration with ecosystem organizations.
Presented Cardano open-source initiatives at major conferences.
Plans
Improve onboarding pathways.
Measure developer program effectiveness.
Expand documentation and best practices.
Technical Steering Committee
Achievements
Continued Van Rossum preparation.
Extensive security work.
Parameter updates.
SPO outreach.
DRep engagement.
Plans
Deliver Van Rossum.
Begin Dijkstra planning.
Continue post-quantum research.
Improve security processes.
Progress Treasury-funded technical work.
Growth & Marketing Committee
Achievements
Reviewed marketing-related budget proposals.
Began enterprise adoption framework.
Continued event coordination.
Plans
Develop industry vertical strategies.
Benchmark other Layer 1 ecosystems.
Begin planning 2027 event participation.
Membership & Community Committee
Achievements
Improved internal operations.
Expanded community engagement.
Created onboarding documentation.
Introduced member benefits.
Submitted budget proposal.
Plans
Execute workstreams.
Launch member reactivation campaign.
Increase enterprise member visibility.
Track KPIs.
Civics Committee
Achievements
Constitutional Committee elections launched.
CAP tool testing.
Governance Incentives Working Group established.
Continued governance education.
Plans
Roll out Constitutional Amendment Process.
Continue governance incentives work.
Support Constitutional Committee elections.
Increase SPO and DRep participation.
6. Sector Updates
People & Organisation
Key themes:
organizational restructuring
workforce optimisation
contractor transitions
improving operational effectiveness
supporting staff through ongoing change
Product & Membership
Highlights:
Committee elections completed.
New onboarding process implemented.
Bylaw vote preparation.
September Board Election preparation.
New membership partnerships under development.
Cardano Technical Sector
Highlights:
Supported governance actions.
Van Rossum coordination.
Security capability improvements.
Migration toward improved analytics.
Early Dijkstra planning.
Ecosystem & Community
Highlights:
Significant increase in coordinated communications.
Strong support for:
Budget Process
Van Rossum
Constitutional Committee Elections
Launched regular DRep Community Calls.
Preparing communications for Constitutional Amendment Process.
Internal communication processes becoming more streamlined.
Delivery Assurance / Procurement
Major work included:
Improved Treasury contract templates.
Expanded audit processes.
Introduced AI-assisted contract reviews.
Continued transparency improvements.
Preparing public financial reporting through Cardano Foundation infrastructure.
Key Discussion Points
Funding
ADA price decline is creating pressure across funded projects.
Intersect is adapting operations accordingly.
Governance
Board Elections become a major focus in Q3.
Constitutional Amendment Process expected to launch soon.
Committee remit reviews will begin.
Treasury
Growing discussion around revisiting the Net Change Limit.
Need to balance ecosystem growth with Treasury sustainability.
Security
SecondFi remains an active ecosystem incident.
Intersect's role is oversight, coordination, documentation, and transparent communication—not incident ownership.
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